Narmada Gelatines Faces Evaluation Shift Amidst Flat Financial Performance and Low Cash Reserves

Narmada Gelatines, a microcap player in the specialty chemicals industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical landscape surrounding the stock, indicating a transition from a sideways trend to a mildly bearish outlook.
Key financial metrics reveal that Narmada Gelatines has experienced a flat financial performance in the latest quarter, with net sales growing at an annual rate of 8.79% and operating profit at 17.72% over the past five years. The company's cash and cash equivalents have reached a low of Rs 0.19 crore, and the debtors turnover ratio stands at 7.61 times, marking a notable point in its operational efficiency.

Despite a low debt-to-equity ratio of 0.02 times, the stock is trading at a premium compared to its peers' average historical valuations. Over the past year, while the stock has generated a return of -5.64%, profits have risen by 23%, resulting in a PEG ratio of 0.5.

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